957 N Oliver Ave , 958 N. Dellrose

Description

Property offered at ONLINE ONLY auction. BIDDING OPENS: Tuesday, December 27th, 2022 at 2 PM(cst)|BIDDING CLOSING: Thursday, January12th, 2023at 2:10 PM(cst). Bidding will remain open on this property until 1 minute has passed without receiving a bid. Property available to preview by appointment. CLEAR TITLE AT CLOSING, NO BACK TAXES. ONLINE ONLY!!!5,432 square foot commercial building in a prime location right off Oliver in Northeast Wichita! The property includes the paved parking lot directly behind it(958 N. DellroseAve). The propertyis rented for $2,750 a month to the Impact Worship Center, Inc. with a Triple Net lease until 05/04/2024. After that date, rent will increase to $3,000 a month on a month-to-month basis. A $1,500 security deposit was made. Tenants are responsible for all utilities, taxes, insurance premiums, repairs, maintenance, etc. Please refer to the lease in the property information packet for more details. Per the seller updates include new electric service and panels in 2021, new front brick in 2021, concrete work behind the building and a new HVAC unit in 2022. Corner Lot 957 N. Oliver is zoned Limited Commercial 958 N. Dellrose is zoned TF-3 Two Family Surrounded by sidewalks Marquee Sign Large lobby area w/ fireplace Large open-spaced gathering room with multiple ceiling fans Conference room 5 Offices 2 Large Restrooms Another sitting area with a fireplace Nice sized kitchen Banquette area with overhead door access Approximately 20 parking spots in a paved parking lot with two curb cuts Per seller the roof is under 4 years old and is TPO Great investment opportunity with an annual income of $33,000! *Buyer should verify school assignments as they are subject to change. The real estate is offered at public auction in its present, "as is where is condition and is accepted by the buyer without any expressed or implied warranties or representations from the seller or sellers agents. Full auction terms and conditions provided in the Property Information Packet. Total purchase price will include a 10% buyers premium ($1,500.00 minimum) added to the final bid. Property available to preview by appointment. Earnest money is due from the high bidder at the auction in the form of cash, check, or immediately available, certified funds in the amount $10,000.